Role of Social Security changes for future retirees

Posted: 12/30/2010

December 30, 2010

The future of Social Security leaves many questions unanswered for future retirees.

According to OnWallStreet.com, many people don’t know how much to save to supplement Social Security benefits, and even more don’t know what their spouse’s Social Security benefits will be.

The article discusses different elements of Social Security benefits and what retirees can do to be prepared.

Read more.

What do you think should be done to help save Social Security? Read more »

Terre Haute auto accident takes man’s life

Posted: 12/30/2010

WTHI reports that a vehicle was traveling at unsafe speeds and making unsafe lane changes before a fatal Terre Haute auto accident occurred.

The Terre Haute auto accident happened near Ninth and Cherry streets around 1 a.m. The vehicle left the road and struck a tree.

The driver was taken to the hospital after the Terre Haute auto accident. The 26-year-old passenger suffered serious head injuries and was killed in the crash. Read more »

Future retirees may not have access to Social Security benefits

Posted: 12/29/2010

December 29, 2010

According to an opinion article on The Boston Globe, Social Security will run out by 2037.

Those 40 and younger will be forced to rely on personal savings and investments to fund their retirement if Social Security benefits run out, according to the writer.

Read more.

What do you think should be done to reform Social Security? Do you think will happen to the future of Social Security if something isn’t done now? Read more »

Editorial suggests Social Security reform is needed

Posted: 12/28/2010

December 28, 2010

According to an editorial from washingtonpost.com, Social Security reform is essential and achievable.

President Barack Obama’s debt commission set out a plan that would cut benefits for high-income earners, make payroll tax more progressive, and raise the retirement age to help save Social Security.

Read more about Social Security reform and how it may affect you.

What do you think should be done to help save Social Security? Read more »

Blog helps answer questions about Social Security reform

Posted: 12/27/2010

December 27, 2010

According to a Reuters blog, one of the biggest threats to the future of retirement lies in Social Security reform. But many questions still go unanswered.

The blog uncovers many of the truths and myths to Social Security reform, including what will happen to future generations and how Social Security reform will affect today’s retirees.

Read more.

Do you know someone who’s having trouble with receiving their Social Security benefits? Read more »

Social Security beneficiaries to receive checks via direct deposit

Posted: 12/21/2010

December 21, 2010

Social Security beneficiaries will start receiving their checks by direct deposit starting in May.

According to CNN, eight of 10 Social Security recipients already has a  direct deposit account.

With more people apply for Social Security benefits over the next several years, this will help save millions of dollars for taxpayers.

Read more.

Do you think it’s fair for everyone to be required to set up a direct deposit bank account to receive Social Security benefits? Read more »

Man caught stealing Social Security benefits

Posted: 12/20/2010

December 20, 2010

A man is found guilty of stealing the identity of others to obtain Social Security benefits, KARE reports.

The U.S. Department of State was notified by the Social Security Administration that someone who had died in 1993 had applied for a Social Security card.

The man faces several years in prison for each account of Social Security fraud.

Read more.

Do you think more could be done to protect Social Security benefits? Read more »

Social Security benefits are crucial for women

Posted: 12/17/2010

December 17, 2010

Nearly half of women 65 and older would be living in poverty if they didn’t receive Social Security benefits, according to physorg.com.

The number remains at 12 percent with Social Security benefits in place.

Social Security benefits are the most crucial for unmarried women who receive funds. Without Social Security benefits, it would be difficult for some women to make ends meet.

Read more.

Do you think more should be done to help women who rely heavily on Social Security benefits? Read more »

Man believes cutting Social Security isn’t necessary for national deficit

Posted: 12/16/2010

December 16, 2010

An opinion contributer to politico.com believes it was a bad idea for President Obama to negotiate tax cuts to Social Security.

It could affect Social Security benefits in the future.

The contributer believes cutting Social Security as part of a deficit reduction isn’t needed because he says Social Security is in surplus for the next several years.

Read more.

Do you think tax cuts will affect Social Security benefits? Read more »

Safe and Sober Free Ride Home – New Year’s Eve 2010

Posted: 12/16/2010

We encouraged our neighbors to make one New Year’s resolution early: don’t drink and drive. Read more »